Troubled builder Taeyoung E&C files for debt workout

This photo taken Dec. 28, 2023, shows the headquarters of ailing builder Taeyoung Engineering & Construction Co. in Seoul, which applied for a debt-restructuring program the same day to tide over a cash crunch. Taeyoung E&C submitted the application to its main creditor, the state-run Korea Development Bank, after its board decided to request a debt workout, the company said in a regulatory filing. (Yonhap)

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